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The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, [3] which is headquartered in 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines. [4] The bank also maintains 31 field offices around the world [ 5 ] to promote social and economic development in Asia.
[4] [5] [6] A 2014 study assessed the accuracy of ADB's Asian Development Outlook, in comparison to the International Monetary Fund's World Economic Outlook, for the years 2008 to 2011. The Asian Development Outlook fared better at estimating both current-year gross domestic product (GDP) growth and consumer price index (CPI) inflation of Asian ...
The Asian Development Bank Institute (ADBI) is an Asian think tank focused on identifying effective development strategies for Asia and the Pacific, and on providing support to ADB member countries in managing development challenges.
According to the ADB, the Philippines has heavily relied on the ADB for development assistance, borrowing a total of $19.3 billion in the last decade. [2] [failed verification] The Philippines has been commended by the ADB for being a fast-growing economy despite increasing inflation and a plummeting global economy. [3]
The ADB approved on 20 September 2016 (i) a $500 million multi-tranche financing facility (MFF), and (ii) a $125 million policy-based loan (PBL), both to India for the Visakhapatnam–Chennai Industrial Corridor Development Program (VCICDP). [13]
ADB has also been assisting GoI and state governments in attracting new investment into ECEC—drawing in key anchor investors into the corridor, and encouraging expansion of existing businesses. Reaching out to the business community aims to tailor the direction of infrastructure investment and policy reforms in ECEC following the most urgent ...
The South Asia Subregional Economic Cooperation (SASEC) Program, set up in 2001, brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation. [1]
Asian Development Bank 2 May 2017: India: Andhra Pradesh 24x7 – Power For All: 160.0: World bank and Government of Andhra Pradesh 5 June 2017: Georgia: Batumi Bypass Road Project: 114.2: Asian Development Bank 15 June 2017: India: India Infrastructure Fund: 150.0: Other investors 15 June 2017: Tajikistan: Nurek Hydropower Rehabilitation ...